4 August 2023
Keywords Studios plc ("Keywords Studios", "the Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Conditional Award of Shares
Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, today announces that, under the terms of the Keywords Studios Long Term Incentive Plan ("LTIP"), conditional awards of shares were granted on 2 August 2023 to Robert Kingston, Chief Financial Officer and person dispensing managerial responsibility, in connection with the commencement of his employment with the Company on 1 July 2023.
The LTIPs will normally vest on 2 August 2026. Vesting of the LTIPs are conditional on continued employment and the achievement of performance conditions approved by the Remuneration Committee, based on the Company's Total Shareholder Return ("TSR") versus the FTSE 250 Index (excluding investment trusts) (the "Index") over a 3-year performance period. Threshold vesting (25% of the award) will vest for TSR in line with the Index and full vesting will be earned for exceeding the Index TSR by 20% over the performance period.
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Z1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name |
Robert Kingston
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2 |
Reason for the notification
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a) |
Position/status |
Chief Financial Officer
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b) |
Initial Notification/ Amendment |
Initial notification
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Keywords Studios PLC
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b) |
LEI |
2138007VR9ZYCWS7VE12
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument and identification code |
Ordinary shares of 1 pence each in Keywords Studios PLC (ISIN: GB00BBQ38507) |
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b) |
Nature of the transaction |
Grant of nominal cost conditional award of shares under the Keywords Studios Long Term Incentive Plan, based on Group performance.
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c) |
Price(s) and volume(s)
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d) |
Aggregated information - Aggregated volume - Price |
Aggregate volume of shares: 29,545 Aggregate price of shares: GBP 295.45
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e) |
Date of the transaction |
2023-08-02 (UTC)
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f) |
Place of the transaction |
Outside a trading venue
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End.